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Zotefoams Says Four-month Trading Strong; Ronan Cox To Assume Role Of CEO

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Zotefoams Plc (ZTF.L), a cellular materials technology firm, said on Wednesday that its trading for the four-month period to April 30 was strong with the Group sustaining the positive trend recorded last year to deliver overall sales growth of 14 percent.

As announced earlier, David Stirling will step down as CEO, who will be replaced by Ronan Cox with effect from May 22.

For the four-month period, the company posted a 46 percent increase in High-Performance Products or HPP sales.

Footwear sales also grew significantly, with a 44 percent increase benefitting in part from customer inventory build.

Sales of T-FIT insulation products grew by 57 percent.

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